Tim Hortons President Alex Macedo to leave next year
(Reuters) - Restaurant Brands International Inc said on Friday Alex Macedo, the president of coffee and breakfast chain Tim Hortons, will be stepping down after two years in the role. Macedo will be eligible for severance benefits and will be leaving the company in March next year, the Canadian restaurant operator said in a regulatory filing.
(Reuters) - Restaurant Brands International Inc
Macedo will be eligible for severance benefits and will be leaving the company in March next year, the Canadian restaurant operator said in a regulatory filing. (https://bit.ly/2sqIL3c)
Restaurant Brands also said Axel Schwan, who was named as the regional president of Tim Hortons for Canada and the United States in October, would oversee the Latin America region as well.
Tim Hortons' remaining international operations will be led by the company's existing global leadership team.
The company's biggest chain has been struggling to grow sales in a competitive breakfast space despite adding new coffee and lunch offerings, while rolling out breakfast sandwiches with Beyond Meat Inc's
Restaurant Brands' September-quarter results were hurt by Tim Hortons' performance, while its other fast-food chains Burger King and Popeyes did well.
(Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
(In Jan 4 story, corrects typographical error in CEO name in final paragraph) (Reuters) - Breaker, a popular podcast app, said on Monday it would be acquired by social media company Twitter Inc and shut down its app and website next week. Breaker said on its blog https://blog.breaker.audio/the-breaker-team-is-joining-twitter-f8c1721d66c6 that people can now transfer their subscriptions to other podcast listening apps like those offered by Apple Inc and Spotify. Financial terms of the deal were not disclosed.
By Bozorgmehr Sharafedin LONDON (Reuters) - Severe coronavirus restrictions around the world to contain surging infection rates weighed on fuel sales, weakening the prospect of energy demand recovery in the first half of 2021. Most of Europe is now under the strictest restrictions, according to the Oxford stringency index, which assesses indicators such as travel bans and the closure of schools and workplaces
By Shreyansi Singh (Reuters) - Gold accelerated its slide below the $1,900 mark on Friday, slumping around 3% and dragging down other precious metals as a jump in U.S. Treasury yields hammered bullion's safe-haven appeal.